Total financial services industry M&A deals worth $1.3bn were announced in Asia-Pacific in April 2021, led by DBS Group Holdings’ $813.65m acquisition of Shenzhen Rural Commercial Bank, according to GlobalData’s deals database.
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The value marked a decrease of 50.6% over the previous month of $2.53bn and a drop of 54.7% when compared with the last 12-month average of $2.76bn.
Asia-Pacific held an 8.13% share of the global financial services industry M&A deal value that totalled $15.37bn in April 2021. With a 5.60% share and deals worth $860.29m, China was the top country in Asia-Pacific’s M&A deal value across financial services industry.
In terms of M&A deal activity, Asia-Pacific recorded 33 deals during April 2021, marking a decrease of 36.54% over the previous month and a drop of 13.16% over the 12-month average. Australia recorded ten deals during the month.
Asia-Pacific financial services industry M&A deals in April 2021: Top deals
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The top five financial services industry M&A deals accounted for 95.9% of the overall value during April 2021.
The combined value of the top five financial services deals stood at $1.2bn, against the overall value of $1.3bn recorded for the month.
The top five financial services industry M&A deals of April 2021 tracked by GlobalData were:
1) DBS Group Holdings $813.65m acquisition deal with Shenzhen Rural Commercial Bank
2) The $290m acquisition of Mainstream Group Holdings by SS&C Technologies Holdings
3) LGIASuper $35m acquisition deal with Suncorp Portfolio Services
4) The $32.94m acquisition of Dongguan Xingtong Property Investment by FS GBA Dongguan Development
5) Gamevil $27.93m acquisition deal with Coinone